Macro▼ Bearish● Important

Brazilian Stocks Tumble and the Real Sinks After Lula's Surprise Win

TradingGain Newsroom·3d ago·26 Oct 2026, 16:04 UTC

Brazilian stocks fell sharply after Lula da Silva defeated Flávio Bolsonaro, a candidate prediction markets had given an 80% chance. The iShares Brazil ETF dropped as much as 26%, while the dollar rose as much as 12% against the real. The sharp repricing shows how quickly markets can move when an election result departs from expectations.

Why it matters

The iShares Brazil ETF fell as much as 26% in the sell-off.
The dollar climbed as much as 12% against the Brazilian real.
Prediction markets had given Flávio Bolsonaro an 80% chance, so the result was a major surprise.

What to watch next

Watch the dollar-real exchange rate and Brazilian equity moves in the days ahead to see whether the sell-off continues or stabilizes.

This brief is written by TradingGain from public reporting by Decrypt.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.